IMI plc (IMI), the specialist engineering company listed in London, announced on 11 November 2026 that it purchased 279,000 of its own ordinary shares on 10 November 2026 through Deutsche Bank AG, London Branch, trading as Deutsche Numis. The shares were acquired at a volume weighted average price of 2,903.6142 pence per share and will be cancelled rather than held in treasury. Following settlement, IMI's total voting rights will stand at 233,980,945, a figure investors may use as the denominator for regulatory shareholding notifications.

Key Points

  • IMI plc (IMI) — specialist engineering group listed on the London Stock Exchange
  • 279,000 ordinary shares purchased on 10 November 2026 through Deutsche Numis and cancelled
  • Volume weighted average price of 2,903.6142p; highest price paid was 2,934.00p, lowest was 2,886.00p
  • Investors should monitor the total voting rights figure of 233,980,945 for future regulatory calculations

IMI Purchases 279,000 Shares via Deutsche Numis Across Four Venues on 10 November 2026

The announcement states that IMI executed the buyback across four trading venues on 10 November 2026. The London Stock Exchange accounted for 132,000 shares at a weighted average price of 2,902.9259 pence, while BATS (BXE) took 100,000 shares at 2,902.8217 pence. Chi-X (CXE) contributed 36,000 shares at 2,906.9864 pence and Turquoise (TRQ) added 11,000 shares at 2,908.0413 pence. Spreading trades across multiple venues is consistent with standard market practice for minimising market impact during a buyback programme. The full individual trade breakdown was disclosed in accordance with Article 5(1)(b) of the Market Abuse Regulation as incorporated into UK law.

Share Count and Voting Rights Following Cancellation of the 10 November Purchases

Following settlement and cancellation of the 279,000 purchased shares, IMI's total ordinary shares in issue will be 245,629,781, the announcement states. The company separately holds 11,648,836 ordinary shares in treasury, which carry no voting rights. As a result, the total number of voting rights in IMI will be 233,980,945. This figure is the relevant denominator shareholders and other market participants are required to use when calculating whether a notifiable interest in the company has been reached or changed under UK disclosure rules.

Buyback Programme Conducted Under UK Market Abuse Regulation Safe Harbour Provisions

IMI confirmed that the purchases form part of an ongoing buyback programme conducted in compliance with Article 5(1)(b) of the UK Market Abuse Regulation. Deutsche Numis acted as broker, executing trades on IMI's behalf between 08:14 and 15:53 UK time on 10 November 2026. Transaction prices across the session ranged from a low of 2,886.00 pence to a high of 2,934.00 pence per share, reflecting intraday price movement. By cancelling rather than holding repurchased shares in treasury, IMI directly reduces its issued share capital, which may incrementally benefit remaining shareholders on a per-share earnings basis over time.